VP, Climate Risk at Barclays

Some key accountabilities will be:

• Lead assessment and quantification of climate risk across key portfolios, managing the development of specific quantitative and qualitative financial models. 
• Own portfolio assessments of climate risk within bank financial processes, including stress testing, capitalisation, impairment, and risk management. 
• Drive the integration of our models into strategic infrastructure, improving efficiency and flexibility. Structure processes and workflows to deliver robust and well-governed execution. 
• Research, analyse and interpret external developments in climate risk to stay on top of emerging scientific and industry best practices. 
• Understand and ensure adherence to regulatory requirements and internal Model Risk Policies and Standards.  
• Establish and manage key stakeholder relationships, e.g. upstream and downstream model owners, model risk management, influencing others at a senior level. 
• Produce clear materials to deliver conclusions for formal committees. 
• Contribute to the goals and objectives of the team as required, promoting best practice in the application of tools and techniques for the management of risk. 

To be successful as a Climate Risk Vice President, you should be able to demonstrate the following experience/skills:

• Strong command of climate risk concepts, main international climate actors, and climate scenario analysis 
• Risk background and a solid grasp of financial processes in banking, with experience in one of: Credit (wholesale or retail), Market, Treasury & Capital, Operational Risk 
• Willingness to challenge assumptions and intellectual curiosity. Follows a rational and logical thought process with strong data manipulation and analytical abilities 
• Advanced communication ability (both written and spoken word) and ability to influence and manage stakeholders 
• Structured organiser and proactive project manager, who takes concepts through to delivery 
• Proven problem solver with extensive experience working on projects from initiation phase to completion 

Some other highly valued skills include:

• Awareness of business and franchise implications on Barclays from its strategic climate change objectives  
• Awareness of carbon accounting 

You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills.

Purpose of the role

To proactively identify, assess, and manage climate-related risks within the bank's operations, investments, and lending activities.

Accountabilities

• Development and implementation of climate risk management strategies and tools, including stress testing, risk disclosure, and portfolio optimisation.
• Development and maintenance of robust reporting procedures for climate-related risks and opportunities.
• Conducting comprehensive climate risk assessments across the bank's portfolio, including physical risks (extreme weather events, sea-level rise) and transition risks (policy changes, carbon pricing).
• Utilisation of climate risk modelling tools and scenario analysis to quantify potential financial impacts of climate change on the bank's assets, liabilities, and revenues.
• Integration of climate risk considerations into existing risk management frameworks and business processes.

Vice President Expectations

• To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures..
• If managing a team, they define jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements..
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others..
• OR for an individual contributor, they will be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
• Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
• Manage and mitigate risks through assessment, in support of the control and governance agenda.
• Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
• Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
• Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
• Adopt and include the outcomes of extensive research in problem solving processes.
• Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes.